Indraprastha Gas surges on getting nod for alliance-cum-partnership agreement with MASAH Construction
Indraprastha Gas is currently trading at Rs. 215.35, up by 5.20 points or 2.47% from its previous closing of Rs. 210.15 on the BSE.
The scrip opened at Rs. 208.85 and has touched a high and low of Rs. 216.55 and Rs. 205.45 respectively. So far 188536 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 229.20 on 09-Jul-2025 and a 52 week low of Rs. 153.25 on 21-Nov-2024.
Last one week high and low of the scrip stood at Rs. 218.25 and Rs. 205.45 respectively. The current market cap of the company is Rs. 30205.03 crore.
The promoters holding in the company stood at 45.00%, while Institutions and Non-Institutions held 46.28% and 8.72% respectively.
Indraprastha Gas has received approval from board for Alliance-cum-Partnership Agreement with MASAH Construction Company, Saudi Arabia, for participating in pre-qualification for tender to obtain license for development of Natural Gas Distribution networks in various industrial cities of Kingdom of Saudi Arabia (KSA). The board in its meeting held on November 12, 2025, has approved the same.
Indraprastha Gas is in the business of city gas distribution presently operating in the National Capital Territory of Delhi including adjoining areas of Noida, Greater Noida, Ghaziabad, Gurugram, Meerut (except area already authorised), Shamli, Muzaffarnagar, Karnal and Rewari.
